SeaFood Business

SEP 2013

SeaFood Business is the global trusted authority for seafood buyers and sellers. We are the seafood industry's leading trade magazine with more than 30 years of experience. Our coverage is based on the "business" of buying and selling seafood.

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U.S. News WASHINGTON, D.C. T he U.S. Department of Commerce (DOC) in mid-August issued its fnal determination whether the governments of seven countries — China, India, Ecuador, Indonesia, Malaysia, Tailand and Vietnam — subsidized shrimp exports to the United States, and results for two of those nations came as a surprise. In a preliminary report on May 29, the DOC said fve of the countries, including JUNEAU, Alaska U.S. revamps national park seafood guidelines Soon after it was criticized for excluding non-Marine Stewardship Council (MSC)-certifed Alaska salmon from its sustainable seafood guidelines, the National Parks Service (NPS) planned to revamp its policy. Sen. Lisa Murkowski (R-Alaska) and the seafood industry-funded nonproft group Seafood Coalition raised concerns about NPS seafood guidelines in its Healthy Parks, Healthy People initiative. Te guidelines state that, where Tailand, had issued actionable government subsidies at a rate of 1.75 to 2.09 percent. Te DOC said at the time that Ecuador had issued no subsidies that warranted countervailing duties (CVDs). But on Aug. 13, the DOC changed its mind, determining Tailand had issued no subsidies warranting U.S. action, and that Ecuador had subsidized some of its shrimp companies, at rates ranging from 10.13 to seafood options are ofered, they should be "best choices" or "good alternatives" on the Seafood Watch list, certifed by MSC, or identifed by an equivalent program that has been approved by the NPS. "We didn't mean to step on anyone's toes. Te people who worked on the [sustainable food] guidelines tried to fnd some easilyunderstood guidelines," says Kathy Kupper, spokesperson for the NPS. "Now that questions have come up, we are going to pull back and meet with the National Oceanic and Atmospheric Administration." Snap SHOTS Photo courtesy of LSPMB Crown him: David Crews, executive chef of Six Shooter Land and Timber in Drew, Miss., won the Great American Seafood Cook-Off on Aug. 3 in New Orleans with his Southern niçoise salad with tuna and lump crabmeat. "We're proud to add his name to our list of past winners," says Ewell Smith of the Louisiana Seafood Promotion & Marketing Board, the contest's executive producer and founder. "I liked my dish," says Crews. "It was me. I didn't do it for anything or anyone other than me." 8 SeaFood Business September 2013 Photo by Angela Coulombe Feds reverse course on imported shrimp CVDs 13.51 percent. For the other nations, the DOC determined there were actionable government subsidy rates of 18.16 percent for China; 10.54 to 11.14 percent for India; 10.80 to 54.50 percent for Malaysia and 1.15 to 7.88 percent for Vietnam. Along with Tailand, the DOC determined Indonesia had set no actionable TOMS RIVER, N.J. duties, and considers the investigation into both those countries closed. Under U.S. law, the American government can issue CVDs on products that are being unfairly subsidized by the exporting country's government. Te Coalition of Gulf Shrimp Industries, a domestic shrimp industry group, issued a petition charging that the seven nations were using subsidies for their respective shrimp industries to undercut domestic producers, prompting the DOC investigation. On Sept. 19, the U.S. International Trade Commission is expected to determine what, if any, CVDs must be issued on shrimp imports from those seven nations. NEW YORK U.S. shrimp market price increase 'unprecedented' Consumers will pay more for 'responsible' products According to Urner Barry, U.S. shrimp recently experienced its biggest-ever price hike. Prices surged $1 on many sizes in July due to production cuts caused by early mortality syndrome in Asia and Mexico, as well as holiday purchases. For example, 16-20 peeled tail-on shrimp from Asia went from $7.05 to $8.05, while 21-25s went from $6.05 to $7. "I don't know of a time that prices have jumped so much in such a short time," says Travis Larkin, president of Seafood Exchange in Raleigh, N.C. "Te massive decrease in production from Asia — especially Tailand — has created a substantial shortage worldwide, but demand has not decreased, at least not yet, so the pressure to purchase product has driven prices sky-high. I don't know when things will change, but I'm not sure the higher prices have made it to retail and foodservice customers yet." More than half of consumers surveyed around the world are reportedly willing to pay extra for socially responsible products, including sustainable seafood. In the largest study of its kind, researchers at New York University's Stern School of Business analyzed 83 different research papers on consumers' willingness to pay a premium for socially responsible products of all types. Tey found that 60 percent of consumers are willing to pay extra for socially responsible products. On average, consumers are willing to pay a 17.3 percent premium for goods that provide a social or environmental beneft. Shoppers are willing to pay the highest premium — 9 percent more — for goods that provide benefts to humans (such as good labor practices), followed by purchases that beneft animals (0.5 percent), followed by goods that are environmentally friendly. For updated NEWS, go to www.SeafoodSource.com

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